Examples of Apportioned Obligations in a sentence
Each Party shall cooperate in assuring that Apportioned Obligations that are the responsibility of Seller pursuant to the preceding sentences are paid by Seller, and that Apportioned Obligations that are the responsibility of Purchaser pursuant to the preceding sentence shall be paid by Purchaser.
Seller shall be responsible for the portion of such Apportioned Obligations attributable to the period ending before the Closing Date.
Purchaser shall be responsible for the portion of such Apportioned Obligations attributable to the period beginning on or after the Closing Date.
If any refund, rebate or similar payment is received by HoldCo, the Subsidiary and/or Purchaser for any real property Taxes, personal property Taxes or similar obligations referred to above that are Apportioned Obligations, such refund shall be apportioned between Seller and Purchaser as aforesaid on the basis of the obligations of HoldCo and the Subsidiary during the applicable Tax period.
Within 10 Business Days after receipt of such Tax Returns, the Seller shall pay to the Buyer its proportionate share of the Apportioned Obligations shown as due on such Tax Returns determined in accordance with this Section 6.11(a).